1. Modern Economic Problems
Heimlich

2. Why is this class called “Modern Economic Problems”?
It’s a view of current events (accessed mostly through reading the newspaper) with an economic twist. Many of the articles we will read and discuss will have an economic undertone to them.

3. What is Economics?
Economics studies the allocation of scarce resources among people – examining what goods and services wind up in the hands of which people

4. What do economists study?
Markets
Goods and Services
Opportunity Cost
Supply and Demand
Consumer Price Index
Gross Domestic Product
Inflation
Recession, Depression
Trade
Taxation
We will come back to this later…

5. How does this class work?
We will spend time each day reading the paper and doing 3 summaries, 2 of which must have an economic angle to them.
While reading your articles, you will pull out at least 3 vocabulary words that are unfamiliar to you.
We will discuss both the articles and the vocabulary words.
You will be doing short summaries of each article in your notebook, which will be graded

6. Summaries
I will assign two articles, then you can choose the third Each day’s date will be at the top of the page You will put the title of the article in quotation marks, then the author’s name Summarize the article in 3-5 sentences, addressing the 5 W’s Then, give your personal reflection on the article/topic in 3-5 sentences

7. How do you earn a grade?
Each week I will collect your notebooks to check your summaries—if you are absent, you can access these on Moodle, access the newspaper online, and hand it in within two days. These summaries are worth 5 points per day.
You will be quizzed on vocabulary.
We will do some activities, as well as having quizzes on basic newspaper terms and economic terms.

8. How do you earn a good grade?
Show up on time each day
Don’t have your phone out
Read the paper and do your summaries
Participate in discussion
Do a good job studying for your vocabulary quizzes
Do well on your other two quizzes